megb6806

megb6806 replied to the topic About to purchase first investment property and I am already confused in the forum Help Needed! 10 years, 6 months ago
Hi. Thanks guys for your responses.
Yes the contract has the clause “subject to finance”. This will be our first property and I am planning to get an interest only type of loan. In this case how can a property move into positevely geared if I am only paying interest? The current tenant pays 350 a week and according to a preliminary calculations…[Read more]
megb6806 started the topic About to purchase first investment property and I am already confused in the forum Help Needed! 10 years, 6 months ago
Hi. I am wondering if someone can help me out here. My wife and I put a offer on a property we are purchasing, two days ago. (19/04/2014), The contract for sale of land has been signed by wife and I and we are about to pay for the deposit, around $1000. We still haven’t applied for bank loan, we are doing it tomorrow through a local broker. I…[Read more]
megb6806 became a registered member 10 years, 6 months ago

@megb6806